January, 2025 Issue

Succeeding the post-Covid metals rally, the domestic steel industry maintained high capacity utilisation of over 80%, strong investments, and low leverage from FY2022 to FY2024. However, ICRA noted that this trend is unlikely to continue due to increased cheap imports, which... ... ...

December, 2024 Issue

India's domestic steel industry faces significant headwinds, with capacity utilisation projected to drop to 78% in FY2025, the lowest in four years. A surge in cheap imports driven by duty-free inflows from FTA countries like Japan, South Korea, and Vietnam has... ... ...

November, 2024 Issue

The most discussed topic during the month of November 2024 was the outcome of the US election results and how Mr. Donald Trump’s victory could have a significant impact on the global economy vis-à-vis the World Steel Industry and also the ripple effects on... ...

October, 2024 Issue

During the recent month in a surprising shift India turned out to be net imported of steel during 2024. Without imports reaching almost 25% during the period of April-August over 40% of these imports came from China, making a significant shift in the market. During the month of July... ...

September, 2024 Issue

Rating agency ICRA projects the domestic steel consumption growth at a healthy 9-10% in FY2025. Demand was robust in Q1 FY2025, with consumption growing at a rate of 15% on a YoY basis amidst competitively priced imports. Demand may record some ... ...

August, 2024 Issue

During the month of July 2024 world crude steel production for the 71 countries reporting its figures to Worldsteel Association pegged a figure of 152.8 million tonnes of crude steel production which is a 4.7% decrease compared to the same figure of July 2023. Among the top... ...

July, 2024 Issue

From the month of May 2024 global steel prices underwent a correction phase amid subdued demand making imports more attractive. India’s Hot rolled coils (HRC) and plate imports are expected to surge by around 85% to 1.35 million tonnes in the second... ...

June, 2024 Issue

During the month of May, 2024 India produced around 12.2 million tonnes of steel while China produced 92.9 million tonnes and Japan produced 7.2 million tonnes. India was the only large steel producing country other than Turkey and Iran who reflected a substantial growth... ...

May, 2024 Issue

According to World Steel Association (Worldsteel) the global demand for steel is to pick up by 1.7% in the year 2024 and 1.2% in the year 2025. Worldsteel has stated that the economy worldwide appears to be moving towards a soft landing as a result of public infrastructure... ...